Frequently
Asked Questions

How can I save (more) money on my workers' compensation
policy?

You can save money on your workers’ compensation policy by having a Safety
Program, a Drug-Free Workplace Program, a deductible, an FCCPAP credit,
lower Experience Modification Factor, correct classification of
employees…and Workers’ Compensation Group will help you with all of these
options.

Can I pay for my policy without a deposit?

Yes…there are payment plans that ask for nothing down (except the
state expense constant) and others that only ask for the first month’s
installment, not to be held as a deposit.

Are
there any policies that allow me to pay in a fraction of the annual
premium?

Yes…retrospective rating plans allow you to pay in a percentage of your
premium during the year. If you have claims, you pay in additional
premium, but no more than you would on a regular plan. If you do not
have claims…you do not owe any more money. The percentage can be as
low as 30%!

Can a
Workers’ Compensation Policy Cost Less Than Employee Leasing Workers’
Compensation Coverage?

Yes, in MANY ways…

employee leasing
coverage does not offer the standard credits you can get with
traditional workers’ compensation policies.

employee leasing
arrangements charge you administrative fees on gross payroll, you
pay workers’ compensation on the premium part of overtime – an actual
increase in the premium based for workers’ compensation.

you are subject to
the leasing company’s experience modification factor while you are with
them AND after you leave.

improper coding of
employees by non-licensed sales people often results in higher rated
codes, etc...

corporate officers and owners cannot be excluded from coverage and premium.

Many times workers'
compensation insurance is something "thrown in" with an
insurance package. Business are often penalized because insurance agents
need to meet property or general liability quotas - and the worker's
compensation portion is bartered to suit these needs.

You can save a considerable
amount of money each year with the proper program designed to your
business. We'll help determine the right time for a paid-loss retro versus
a large deductible, a retention plan, a dividend plan or a guaranteed-cost
plan.

From compliance issues to
premium payments, workers' compensation insurance is complicated, but
we'll make it easier for you by creating a customized plan for your
company